Saudi Arabia Some insurers agree to cover the damages caused by hail on vehicles
Saturday, 04 16 2016, Category: Nature, Country: Saudi Arabia
Insurance companies’ compensation terms differ when it comes to the damages caused on vehicles by natural phenomena such as heavy rains and hail that fell this week in Saudi Arabia's eastern province. Some companies consider such events as force majeure, while others have included them in a separate clause and raised the policy premium accordingly.
Following the hailstorm in Saudi Arabia, some lawyers said to “Al Yaum” that there is manipulation and exploitation with regard to the insurance compensation when it comes to damages caused on vehicles by heavy rains and hail due to the lack of a clear picture on this matter. Besides, many of these claims are being brought before the Committee for the Resolution of Disputes, and lawyers blame SAMA for not forcing insurance companies to be clear with customers when it comes to what is considered as cases of force majeure.
Source: Al Yaum